Idinvest et al. in $20m round for Vestiaire Collective

This latest transaction marks Idinvest's first investment in Vestiaire. Balderton had joined existing investor Ventech in a €7.5m funding round for the French online fashion marketplace (then known as Vestiairedecopines.com) in 2011. Ventech had previously invested €1.5m in a series-A round for the company in 2010.

Condé Nast, which publishes a large number of fashion magazines, stated that the investment was of strategic importance to the business. The group will aim to combine Vestiaire's purely user-generated content with its media offering to build a more powerful social shopping experience.

This is Condé Nast's first investment in the e-commerce sector in France, although the group had previously backed UK-based farfetch, as well as German companies Monoqi and Renesim.

The deal also highlights France's strong position in the venture space when it comes to larger rounds this year. The country was home to six of the 20 largest venture investments completed so far this year in Europe, according to unquote" data, with Idinvest contributing to several of these transactions.

Company
Established in 2009, Vestiaire is an online platform allowing users to buy and sell pre-owned fashion items and accessories. The company puts a strong emphasis on only offering fashionable, quality items, by screening what can be traded on the site. Users can also interact in a social-media-like way, via messages and peer reviews.

Based in Neuilly-sur-Seine, Vestiaire counts 1.5 million users and reportedly generated a €17m turnover last year.

People
Sébastien Fabre is co-founder and CEO of Vestiaire.

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• Topics
• Expansion
• France
• Technology
• France
• IDInvest Partners (AGF Private Equity)
• Balderton Capital